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Spotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders. (open.substack.com)

submitted 6 months ago by 4realz@lemmy.world to c/technology@lemmy.world

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[-] donuts@kbin.social 134 points 6 months ago

I call bullshit. Yeah I'm sure they spend 2/3 of their income on rights holders, mainly Joe Rogan, Ed Sheeran and Taylor Swift.

The average musician isn't making shit, and yet the spotify execs are sipping champagne.

[-] giggling_engine@lemmy.world 28 points 6 months ago

"not making profits"

Just massive salaries and equity

[-] StinkyRedMan@lemmy.world 25 points 6 months ago

You know they don't pay the artist directly? Like with physical the ones taking the biggest share are the labels... Also the average musician isn't making shit cause compared to a very few bigger artists they represent an extremely low percentage of the overall streams on the platform.

[-] rab@lemmy.ca 3 points 6 months ago

Average musician probably makes more than you think https://youtu.be/qjb-pJIfQXI?si=Zbi54GvD3NqomIrv

this post was submitted on 17 Dec 2023

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